The Securities and Exchange Commission (SEC) announced that it has revoked the corporate registration of Lucky South 99 Corp. for operating a Philippine Offshore Gaming Operator (POGO) facility in Pampanga without the necessary license. The SEC’s Enforcement and Investor Protection Department...
The Securities and Exchange Commission (SEC) has rolled out an incentive program to encourage delinquent corporations to restore their good standing by giving them discounts on penalties if they submit their delayed annual reports. Following the success of the amnesty program it implemented last...
The Securities and Exchange Commission (SEC) has revoked the corporate franchises of Procap International and Ray International Philippines Corporation for illegally soliciting investments from the public. In a statement, the SEC said its Enforcement and Investor Protection Department (EIPD)...
There is a growing number of women holding executive positions in the Philippines’ publicly-listed companies although not enough are making it to the top of the corporate ladder and not many are being given key corporate roles. A study conducted by Philippine Women’s Economic Network (PhilWEN)...
The Securities and Exchange Commission (SEC) is developing stronger whistleblower protection policies to combat corruption and promote investor protection within the corporate sector. In a statment, the commission said its Anti-Money Laundering Division, in partnership with the United Nations...
The Securities and Exchange Commission and Philippine Stock Exchange have issued separate warnings to the public against scammers who lure investors with images of President Marcos and the bourse’s logo. The SEC is advising the public not to engage with Bagong Bansang Maharlika (BBM)...
The Securities and Exchange Commission’s contributions to the country’s economic transformation and growth was cited by President Ferdinand R. Marcos, Jr. who highlighted its efforts in promoting the ease of doing business. In the President’s Report to the People 2022 to 2024, President...
The Securities and Exchange Commission (SEC) has issued new rules to regulate the sale of properties with rental pool agreements. The Commission issued Memorandum Circular No. 12, Series of 2024, on Securing and Expanding Capital in Real Estate Investment Transactions (SEC RENT) in line with the...
The Securities and Exchange Commission (SEC) has received the Level 3 Philippine Quality Award (PQA) from the Office of the President for mastery in quality management and performance excellence. In a statement, the SEC said the PQA is the highest national recognition for exemplary organizational...
The Securities and Exchange Commission is still pursuing the development of the crowdfunding sector despite recent setbacks experienced by the first companies that entered the local market. Crowdfunding is a fundraising activity typically conducted by startups and small and medium enterprises...
Yesterday, I had the privilege of participating in Sustainability Week at the Securities and Exchange Commission (SEC) main office in Makati City, where I shared my experiences in environmental conservation. Initially, I was surprised by the invitation, as financial institutions had not previously...
The Bureau of Internal Revenue (BIR) partnered with the Securities and Exchange Commission (SEC) to create an interagency data-sharing system to expedite the verification of registered businesses in the country. BIR Commissioner Romeo D. Lumagui Jr. and SEC Chairperson Emilio B. Aquino signed a...
